I need your suggestions on this new Business process implementation for American Express payments.
We are going to run F110 to clear the vendor invoices. Instead of generating checks for Vendor Invoices, we should generate an open item document for American express with the total invoice amount of the F110 Invoices.
Can you please suggest me how to do this. There were some threads suggesting that an Alternate Payee should be used on the Vendor Master records. However, what payment method we should use on Vendor master record since there is no Check or ACH involved. Please shed some light on this and let me know the config steps involved.
I appreciate your time and help.